此次创历史新高，距离上个月伦敦主要交易中心出现严重供应挤压仅过去一个多月。当时伦敦库存紧缺 导致价格暴涨，甚至高于上海与纽约价格。尽管约5400万盎司白银近期流入伦敦市场帮助缓解了紧张， 供应仍然吃紧，1个月期白银借贷成本至今仍显著高于常态。 市场也在关注白银可能面临的新贸易风险。白银已于11月被美国地质调查局列入"关键矿物"名单，意味 着未来可能被纳入关税讨论范围。自10月初以来，纽约Comex仓库已有7500万盎司白银出库，但因担忧 美国白银可能出现突然溢价，不少交易商对将金属运往海外保持谨慎，进一步加剧了海外市场紧俏。 白银相关港股： 由于供应紧张以及对美国本月降息的预期升温，白银价格创下历史新高。 银价突破每盎司57美元，超过了上周五创下的前高 —— 银价当天飙升了近6%。 由于美国劳动力市场持续疲软，而且美联储官员发表了一系列鸽派言论，市场现在笃定美联储将在12月 降息25个基点。 全球市场供应紧张的担忧重燃，也支撑了银价。尽管创纪录数量的白银流入伦敦、缓解了历史性的供应 紧张局面，但1个月期白银借贷成本仍然居高不下。 其他交易中心也面临压力， 交易所数据显示，上海期货交易所相关仓库中的白银库存近期 ...

Core Viewpoint - Guocheng Mining Co., Ltd. has announced the early redemption of its convertible bonds, "Guocheng Convertible Bonds," due to the fulfillment of certain conditions, including the stock price exceeding the conversion price for a specified period [4][11]. Summary by Sections Redemption Announcement - The company has decided to exercise its right to redeem the "Guocheng Convertible Bonds" early, following a board meeting on November 19, 2025 [4][11]. - The redemption price is set at 100.82 CNY per bond, which includes accrued interest at an annual rate of 2.00% [2][12]. Redemption Schedule - Key dates include: - Redemption condition satisfaction date: November 19, 2025 - Trading suspension date: December 9, 2025 - Redemption registration date: December 11, 2025 - Suspension of conversion date: December 12, 2025 - Redemption date: December 12, 2025 - Funds arrival date: December 17, 2025 - Investor funds arrival date: December 19, 2025 [5][16]. Convertible Bond Details - The company issued 8,500,000 convertible bonds on July 15, 2020, with a total value of 85 million CNY [4][6]. - The initial conversion price was set at 21.07 CNY per share, which has been adjusted multiple times, currently standing at 12.58 CNY per share [6][8]. Conditions for Redemption - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [9][11]. - As of October 30, 2025, the stock price met this condition, triggering the redemption [11]. Redemption Process - The company will provide daily announcements regarding the redemption process leading up to the redemption date [16]. - All bondholders registered by the redemption registration date will be eligible for the redemption [14].

2.公司目前收购目标公司股份事宜仍处于非正式要约阶段。两项非约束性现金要约目前均已被目标公司 董事会拒绝。公司后续是否会就收购目标公司股份提出正式要约尚存在不确定性。但根据英国《城市收 购及合并守则》(《The City Code on Takeovers and Mergers》)，公司保留提出其他对价形式或不同对价 组合的权利，并保留在特定常见情形下以不优于潜在收购所载条款对目标公司提出要约的权利。公司同 时保留目标公司于本公告发布后公告、宣告、确定支付或支付任何股息或其他股东分配后相应调减潜在 收购条款的权利。 江西铜业股份(00358)发布公告，公司分别于英国伦敦时间2025年11月23日及2025年11月28日向伦敦证 券交易所上市公司SolGold Plc(目标公司)董事会提交了两项非约束性现金要约。最新一项非约束性现金 要约拟以每股26便士的价格，收购目标公司全部股份。上述事项有关说明如下： 1.截至本公告日期，公司持有目标公司3.66亿股股份，约占其已发行股份的12.19%。 3.此外，根据《收购守则》的有关规定，公司应在不晚于2025年12月26日下午5点(伦敦当地时间，暨北 京时间2025 ...

Core Viewpoint - Green Tech International (00195) reported a revenue of HKD 509 million for the six months ending June 30, 2024, representing a year-on-year growth of 29.7% [1] - The profit attributable to the company's owners was HKD 15.823 million, a decline of 22.1% compared to the previous year [1] - The basic earnings per share stood at HKD 0.012 [1] Financial Performance - The gross profit for the period was HKD 122.6 million, up from HKD 89.4 million for the same period last year [1] - The increase in gross profit was attributed to higher tin production and rising average prices [1] Exploration and Resources - The company continued exploration work at the Renison underground mine to uncover tin resources [1] - Ongoing drilling in the Bell 50 area has confirmed the extension of high-grade ore in the Area 5 region [1] - As of June 30, 2024, the total proven, measured, and inferred resources at the Renison underground mine amounted to 20.15 million tons, with a tin grade of 1.45% [1] - An additional underground drill rig has been mobilized to the site to explore extension targets [1] - The ongoing extension drilling and current surface Ringrose drilling are expected to contribute to the continuous growth of mineral resources [1] - The increased tin content in the Renison underground mine provides the company with greater potential for production enhancement [1]

[Table_Title2] 有色金属-海外季报 证券研究报告|行业研究报告 [Table_Date] 2025 年 11 月 30 日 [Table_Title] 诺里尔斯克镍业 2025Q3 镍产量环比增长 18%至 5.36 万吨，铜产量环比减少 4%至 10.01 万吨 [Table_Summary] 季报重点内容: ►2025Q3 生产经营情况 1、镍 2025Q3，综合镍产量为 5.36 万吨，同比减少 4%，环比增 长 18%，环比增长主要归功于第二季度停产期间积累的加工原 材料数量增加，以及科拉矿区硫化镍精矿产量提高。报告期内 生产的镍几乎全部来自公司自有原料（5.35 万吨）。 2、铜 2025Q3，合并铜产量（包括 Trans-Baikal 部门）为 10.01 万吨，同比减少 7%，环比减少 4%，全部产自公司自有矿源。 产量下降的原因是加工过程中分散矿石的比例增加，而分散矿 石的铜含量相对较低。 外贝加尔分部（Bystrinsky 项目）铜精矿产量环比下降 10%至 1.6 万吨，原因是精矿加工量减少以及加工原料中铜含 量降低。 3、铂族金属（PGM） 2025Q3，钯金产量为 61. ...

Core Viewpoint - Zijin Mining Group announced significant changes in its leadership, with founder Chen Jinghe stepping down from the board due to age and family reasons, marking a pivotal transition for the company [1][3][12] Leadership Transition - Chen Jinghe, aged 68, will not accept nomination for the ninth board of directors, despite efforts from the controlling shareholder and board to retain him [3][12] - The company plans to appoint Chen as a lifetime honorary chairman and senior advisor, ensuring his continued involvement in major strategic decisions and resource connections [5][11] Company Performance - Zijin Mining's stock price closed at 28.58 yuan, reflecting a year-to-date increase of over 95%, with a total market capitalization of 759.6 billion yuan [1][11] - The company ranks 267th in the Forbes Global 2000 and 364th in the Fortune Global 500, highlighting its significant market presence [11] Production and Resources - Zijin Mining's copper production accounts for 65% of the domestic total, while gold production represents 24% [11] - As of the end of 2024, the company holds substantial proven and inferred resources, including 110.37 million tons of copper and 3,973 tons of gold, with global rankings of second, fifth, and third for copper, gold, and zinc reserves respectively [11]

2019年-2025年1-10月全国有色金属矿采选业出口货值统计图 上市公司：焦作万方（000612），铜陵有色（000630），合金投资（000633），中钨高新（000657）， 国城矿业（000688），北方铜业（000737），常铝股份（002160），东方锆业（002167），楚江新材 （002171），宝武镁业（002182），融捷股份（002192），海亮股份（002203） 相关报告：智研咨询发布的《2026-2032年中国有色金属行业市场发展现状及竞争格局预测报告》 根据国家统计局数据可知：2025年10月全国有色金属矿采选业出口货值为0.4亿元，同比下降18%； 2025年1-10月全国有色金属矿采选业累计出口货值为5.3亿元，累计同比下降9.5%。 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - Zijin Mining Group announced significant leadership changes, with founder Chen Jinghe stepping down from the board due to age and family reasons, marking a transition from founder-driven to institution-driven governance [1][3]. Leadership Transition - Chen Jinghe, aged 68, will not accept nomination for the ninth board of directors, despite efforts from the controlling shareholder and board to retain him [3]. - The company plans to appoint Chen as a lifetime honorary chairman and senior advisor, ensuring his continued influence on major strategic decisions and resource connections [3][5]. Company Performance - Zijin Mining's stock price reached 28.58 yuan, with a year-to-date increase of over 95%, resulting in a market capitalization of 759.6 billion yuan [1]. - The company ranks 267th in the Forbes Global 2000 and 1st among global gold companies, with a position of 364th in the Fortune Global 500 [6]. Resource Holdings - As of the end of 2024, Zijin Mining holds significant resources: 110.37 million tons of copper, 3,973 tons of gold, 1,298 million tons of zinc (lead), 31,836 tons of silver, and 1,788 million tons of lithium (LCE) [6]. - The proven reserves for copper, gold, and zinc rank second, fifth, and third globally, respectively [6]. Contributions of Chen Jinghe - Chen has been pivotal in the company's success since 1993, establishing a mission of "developing mining to benefit society" and a strategic goal of becoming a "green, high-tech, top-tier international mining group" [5][6]. - His innovative management model, "Five Rings of Ore Flow," has been crucial for Zijin Mining's low-cost and efficient operations [6].

11月28日晚间，中国矿业巨头紫金矿业（SH601899，股价28.58元，市值7596亿元）发布了一系列重磅公告。 紫金矿业于11月28日召开了董事会会议，审议通过了关于董事会换届选举的多项议案。 《每日经济新闻》记者注意到，最引人注目的消息莫过于，一手缔造了紫金帝国的"灵魂人物"、现年68岁的陈景河，因年龄和家庭原因，提出不再接受公 司第九届董事会董事候选人提名。 与此同时，一份由多位跟随陈景河征战多年的核心高管组成的第九届董事会候选人名单也随之出炉。 截至28日收盘，紫金矿业股价报收28.58元，年初至今已涨超95%，总市值达7596亿元。 持股市值超24亿元 拟被聘为终身荣誉董事长 在紫金矿业发布的公告中，一段关于陈景河去留的表述显得尤为温情且充满战略深意。 公告披露，因年龄和家庭原因，陈景河提出不再接受公司第九届董事会董事候选人提名。尽管控股股东及董事会极力挽留，陈景河认为， 一个基业长青 的企业应从"创始人驱动"迈向"制度驱动"，目前公司新的核心管理团队已经成熟，是实现新老交替的 最好 时机 。 | 姓名 ⇒ | | 期末持股(股) ۾ | 期初持股(股) ۾ | 持股变动(股) ÷ | 变动原因 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 与此同时，一份由多位跟随陈景河征战多年的核心高管组成的第九届董事会候选人名单也随之出炉。 截至28日收盘，紫金矿业股价报收28.58元，年初至今已涨超95%，总市值达7596亿元。 原标题：太突然！7500亿巨头将换帅：68岁董事长宣布退出，已掌舵32年，身家超24亿元！公司旗下金 矿储量全球第五，铜矿储量全球第二 11月28日晚间，中国矿业巨头紫金矿业（SH601899，股价28.58元，市值7596亿元）发布了一系列重磅 公告。 紫金矿业于11月28日召开了董事会会议，审议通过了关于董事会换届选举的多项议案。 《每日经济新闻》记者注意到，最引人注目的消息莫过于，一手缔造了紫金帝国的"灵魂人物"、现年68 岁的陈景河，因年龄和家庭原因，提出不再接受公司第九届董事会董事候选人提名。 持股市值超24亿元 拟被聘为终身荣誉董事长 在紫金矿业发布的公告中，一段关于陈景河去留的表述显得尤为温情且充满战略深意。 公告披露，因年龄和家庭原因，陈景河提出不再接受公司第九届董事会董事候选人提名。尽管控股股东 及董事会极力挽留，陈景河认为，一个基业长青的 ...